Annuity sales surpassed record levels in H1 2023

Canada Life research finds annuity sales increased by 100% compared to H1 2022

Martin Richmond
clock • 2 min read
Annuity sales surpassed record levels in H1 2023

Sales of annuities in the first half of 2023 surpassed their highest levels since the introduction of pension freedoms, according to new research by Canada Life UK.

The firm's half-year financial results found sales of annuities had surged by 100%, with new business sales for individual annuities totalling £441m, compared to £220m in the first half of 2022. ...

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